Park-Ohio Hldgs Corp Stock Price, News & Analysis

Park-Ohio Holdings Corp. (NASDAQ: PKOH) reported Q1 2022 revenues of $418 million, a 13% increase from Q4 2021 and 16% from Q1 2021. The GAAP EPS rose to $0.50 from a loss of $(1.48) in Q4 2021. This improvement is attributed to strong customer demand, better product pricing, and cost reduction efforts. Notably, the company expects continued revenue growth throughout 2022, despite ongoing supply chain challenges. EBITDA for the quarter was $27.6 million, and total liquidity reached $225 million. A conference call to discuss results will be on May 10, 2022.

ParkOhio (NASDAQ: PKOH) will host its First Quarter 2022 Results Conference Call on May 10, 2022, at 10:00 a.m. Eastern Time. Shareholders and interested parties can join the call via the provided link. The event will be archived for those unable to attend live. ParkOhio is a diversified international company based in Cleveland, Ohio, providing supply chain management and manufacturing services across three segments: Supply Technologies, Assembly Components, and Engineered Products.

The Board of Directors of Park-Ohio Holdings Corp. (NASDAQ: PKOH) has declared a quarterly cash dividend of $0.125 per share, payable on May 20, 2022, to shareholders of record as of May 6, 2022. ParkOhio operates more than 120 manufacturing sites and supply chain logistics facilities globally, focusing on supply chain management and manufactured components across three segments: Supply Technologies, Assembly Components, and Engineered Products. The company notes potential risks affecting its future performance, including supply chain issues and economic uncertainties.

Park-Ohio Holdings Corp. (NASDAQ: PKOH) reported Q4 2021 revenues of $369.9 million, marking a 3% increase, while full year sales rose 11% to $1.4 billion. Despite revenue growth, the company faced a net loss of $17.8 million in the fourth quarter and $24.8 million for the year due to operational challenges in its Assembly Components segment, primarily from inflation, labor shortages, and semiconductor shortages. Looking ahead, ParkOhio anticipates a 15% revenue increase in 2022 and expects improved profitability, although macroeconomic headwinds persist.

ParkOhio (NASDAQ: PKOH) will host a conference call on March 16, 2022, at 10:00 a.m. Eastern Time, to discuss its Fourth Quarter & Full Year 2021 Results. The call will be accessible via the internet at link. ParkOhio is a diversified international company specializing in supply chain management and manufacturing, operating over 120 sites across three segments: Supply Technologies, Assembly Components, and Engineered Products.

The Board of Directors of Park-Ohio Holdings Corp. (NASDAQ: PKOH) declared a quarterly cash dividend of $0.125 per share, payable on February 25, 2022, to shareholders of record as of February 11, 2022.

ParkOhio, headquartered in Cleveland, operates over 120 manufacturing facilities globally, offering supply chain management, capital equipment, and manufactured components through its three segments: Supply Technologies, Assembly Components, and Engineered Products.

Park-Ohio Holdings Corp. (NASDAQ: PKOH) reported Q3 2021 revenue of $359 million, a 5% increase year-over-year. Despite this growth, the company experienced a net loss of $7.2 million, or $(0.60) per share, primarily due to operating losses in its Assembly Components segment, driven by automotive production volatility and rising costs. The chip shortage negatively impacted sales by approximately $15 million, leading to an adjusted EPS loss of $(0.32). However, strong demand in Supply Technologies and significant bookings in Engineered Products marked some positive developments.

ParkOhio (NASDAQ: PKOH) will host a webcast for its Third Quarter 2021 Results Conference Call on November 3, 2021, at 10:00 a.m. Eastern Time. The event can be accessed live online at this link. ParkOhio, headquartered in Cleveland, Ohio, operates over 120 manufacturing sites and provides supply chain management, capital equipment, and manufactured components across three segments: Supply Technologies, Assembly Components, and Engineered Products.

ParkOhio (NASDAQ: PKOH) has appointed Brian Norris as President of Supply Technologies LLC, effective October 18, 2021. Norris brings 25 years of experience in distribution, serving previously as Vice President at Grainger. He succeeds John Chrzanowski, who will retire on November 30 after 14 years. The company emphasizes its commitment to customer service and growth strategies under Norris's leadership. ParkOhio operates over 120 manufacturing sites globally, offering supply chain solutions, capital equipment, and manufactured components.